The Department of Trade and Industry (DTI), through the Small Business Corporation (SB Corp), has announced the launch of the OFW Negosyo Fund. This new program is designed to support Overseas Filipino Workers (OFWs) in establishing stable and sustainable businesses in the Philippines.
Loan Features
- Startups: PHP 30,000 to PHP 300,000
- Existing MSMEs: Up to PHP 20 Million
Collateral-Free
- Up to PHP 3 Million (new borrowers)
- Up to PHP 5 Million (existing borrowers)
Flexible Terms
- Up to 5 years payment term Grace period available
Basic Requirements
- Government-issued ID
- Mayor’s Business Permit
- Proof of Bank Account
- Corporate Documents (if applicable)
Who Can Apply?
- OFWs
- Families of OFWs
- OFW-owned MSMEs
- Newly registered or existing businesses
Unmatched Loan Benefits for OFWs
The OFW Negosyo Fund aims to make it easier for OFWs to start or expand businesses in the Philippines by providing substantial financial assistance for business ventures.
Through the OFW Negosyo Fund, eligible OFW grantees may access the following key financial features:
- High Loan Limits: You can borrow up to P20 million to fund your business operations, buy equipment, or expand your services.
- No Collateral Needed: You can secure up to P5 million completely collateral-free. SB Corp is the only institution in the entire Philippines offering this unique and highly accessible benefit.
Coming Home to Run Your Own Business
For many Overseas Filipino Workers, working abroad comes with significant personal sacrifice. The OFW Negosyo Fund was developed by the government to provide direct financial tools for sustainable livelihoods upon returning to the Philippines. By offering accessible funding, the DTI aims to support more OFWs in managing their own businesses and creating long-term economic stability for their families.
A Simple and Fast Application Process
SB Corp has implemented a fully digital application process to make participation accessible for OFWs, including those currently working abroad. Applicants may apply from anywhere by following these steps:
- Prepare your documents: Gather and complete the basic requirements for the loan application.
- Apply digitally: Download the DTI SB Corp Money App directly from Google Play or the Huawei AppGallery. If you prefer using a browser, you can visit the official web portal at app.sbcorp.ph.
Secure Your Family’s Future
The program is intended to support the establishment and growth of various business types, such as retail shops, service enterprises, or family-run ventures. The OFW Negosyo Fund offers financial assistance to facilitate these business initiatives among returning and current OFWs.
Interested applicants may refer to the DTI SB Corp Money App or the official web portal for more information on the OFW Negosyo Fund and application procedures.